The Case for and Against Cypress Semiconductor Corporation (CY)
13 October, 2017, 23:39 | Author: Regina Silva
California-based Reilly Fincl Ltd Liability Corporation has invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Sg Americas Secs Limited owns 0.02% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 144,350 shares. The shares were sold on October 9th for an average price of $0.00. JPMorgan Chase & Co. now owns 1,960,181 shares of the semiconductor company's stock worth $13,055,000 after acquiring an additional 85,948 shares during the last quarter.
CVX's price to sales ratio for trailing twelve months is 1.81 and price to book ratio for most recent quarter is 1.53, whereas price to cash per share for the most recent quarter is 46.88.
Cypress Semiconductor Corporation's average Free Cash Flow per Share Growth Rate was 445.3 percent during the past 12 months. There has been an observed change of -14.31% in the ownership of the shares in the past six months. The institutional investor held 16,925 shares of the public utilities company at the end of 2017Q2, valued at $762,000, up from 10,000 at the end of the previous reported quarter.
Cypress Semiconductor Corporation (NASDAQ:CY) last announced its quarterly earnings results on Thursday, July 27th. The beta value of SRNE stands at 1.68. These are called exhaustion moves because typically when so many shares change hands there is no one left to keep pushing the price in the trending direction and it reverses (often quickly).
Before trading, trader, investor or shareholder must have an eye on stock's historical performance.
Other hedge funds have also modified their holdings of the company.
Cypress Semiconductor Corporation (CY) share price fell -1.44% to $15.76 in the last trading session.
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Lattice Semiconductor Corporation is maintained at an average hold rating by 4 stock analysts, and there are at least 2.42% of shares outstanding that are now legally short sold. Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $16.11.
Market capitalization is just a fancy declare for a comprehensible concept: it is the market value of a company's outstanding shares. The firm has a 50-day moving average price of $5.50 and a 200-day moving average price of $6.43. Rice Hall James And Ltd Liability Corporation invested 0.98% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). The consensus analyst target price is $194.28. Cypress Semiconductor Corporation had 52 analyst reports since August 31, 2015 according to SRatingsIntel. It has a return on equity (ROE) of -7.00%. During the same period in the prior year, the firm posted $0.07 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. The stock's Dividend Yield stands at 2.79%. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since October 13, 2016 and is uptrending.
TRADEMARK VIOLATION WARNING: This news story was published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and global trademark & copyright legislation. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/10/13/on-semiconductor-corporation-on-cut-to-hold-at-zacks-investment-research.html. It has been assigned a low target price of $15 and a high target price of $18.
Cypress Semiconductor Corporation (CY) is an interesting player in the Technology space, with a focus on Semiconductor - Broad Line. The firm earned "Underweight" rating on Friday, April 1 by Barclays Capital. Ffcm LLC lifted its position in shares of Cypress Semiconductor Corporation by 139.2% in the second quarter. Finally, Comerica Bank raised its stake in shares of Cypress Semiconductor by 2.0% in the fourth quarter.
ROST's mean recommendation on Reuter's scale slipped from 2.04 thirty days ago to 2 now, which indicates a hold consensus from the analyst community. The stock has "Buy" rating by Jefferies on Wednesday, August 10. The stock was acquired at an average price of $12.92 per share, for a total transaction of $129,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
About 3.12M shares traded or 232.63% up from the average. Following the purchase, the director now directly owns 55,000 shares in the company, valued at approximately $790,350. The Firm is a well-known provider of customizable smart connectivity solutions based on its low power field programmable gate array (FPGA), video application specific standard product (ASSP), 60 gigahertz millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets across the world. The Company's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. Nationwide Fund holds 0% of its portfolio in Lattice Semiconductor Corp (NASDAQ:LSCC) for 80,656 shares.
The total amount of shares outstanding is 4.09 billion, giving the company a market capitalization of about 197.75 billion. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.
Breaking down insider in the United States, the Securities and Exchange Commission makes rules concerning insider trading. Cantor Fitzgerald now has a $34.00 price target on the $733.91 million market cap company or 75.44 % upside potential.
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